Call reports 2008
FIRST COVENANT BANK — 2008
What FIRST COVENANT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 181,936,000 | 182,686,000 | 192,972,000 | 188,044,000 |
| Total loans | 120,797,000 | 119,381,000 | 128,495,000 | 130,839,000 |
| Allowance for loan losses | 2,337,000 | 1,912,000 | 1,741,000 | 3,142,000 |
| Securities available for sale | 41,778,000 | 39,661,000 | 39,442,000 | 41,618,000 |
| Securities held to maturity | 50,000 | 50,000 | 50,000 | 50,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 158,326,000 | 149,615,000 | 177,634,000 | 173,059,000 |
| Interest-bearing deposits | 143,194,000 | 135,455,000 | 160,157,000 | 144,567,000 |
| Noninterest-bearing deposits | 15,132,000 | 14,160,000 | 17,477,000 | 28,492,000 |
| Equity capital | 21,462,000 | 20,501,000 | 13,267,000 | 12,807,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,723,000 | 5,142,000 | 7,638,000 | 10,157,000 |
| Interest expense | 1,202,000 | 2,084,000 | 3,148,000 | 4,298,000 |
| Net interest income | 1,521,000 | 3,058,000 | 4,490,000 | 5,859,000 |
| Noninterest income | 142,000 | 295,000 | 482,000 | 766,000 |
| Noninterest expense | 1,809,000 | 3,586,000 | 5,364,000 | 7,113,000 |
| Provision for loan losses | 280,000 | 355,000 | 355,000 | 1,791,000 |
| Pretax income | -134,000 | -141,000 | -4,610,000 | -6,159,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -134,000 | -141,000 | -4,610,000 | -6,159,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,846,000 | 15,030,000 | 10,490,000 | 13,766,000 |
| Total capital | 16,680,000 | 16,942,000 | 12,231,000 | 15,725,000 |
| Risk-weighted assets | 146,224,000 | 153,978,000 | 161,394,000 | 155,511,000 |